Companies House and Insolvency Service Partner to Target Debt-Avoiding Directors

The Insolvency Service and Companies House have formed a partnership aimed at tracking and identifying directors who attempt to avoid debts. This action is part of a broader government effort to tackle organized crime, which states is undermining the legitimate economy in some areas.

The partnership targets directors who use successive companies, a practice notes is often linked to organized crime. This crime is used to launder illicit funds, evade tax, exploit workers, and sell illegal goods, thereby undermining legitimate businesses that drive successful high streets.